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New Online Course FAC 097 Navigating Buy American and Trade Agreements

A new online course, FAC 097 Navigating Buy American and Trade Agreements, is now available in FAI CSOD. This new course incorporates all of the changes from FAR Rule 2021-008, including the new domestic content requirements for Buy American, the new fallback threshold, as well as the new price evaluation preferences for critical items and critical components.

REVISED FAC-COR Competency Model is Live!

The Office of Federal Procurement Policy, Federal Acquisition Institute and Contracting Officer’s Representative (COR) subject matter experts across federal civilian agencies updated the FAC-COR competency model. The revised model reflects the evolving environment of CORs and is better aligned with the current role of a COR.

The revised model is effective Oct. 1, 2022. Training providers have crosswalked and/or updated their COR certification courses accordingly and there is no change to existing FAC-COR certifications.

De-obligation of Funds

Submitted by Kenneth.Megill on

De-obligations allow for the downward adjustment of previously incurred obligations. De-obligations may be appropriate when closing out contracts, terminating contracts, or during the performance of a contract as a result of a contract funds review that determines excess funds are available.

Mass Modifications

Submitted by Sanjay.Gupta on

Contract modifications are needed when addressing contractor changes in the terms, price, and scope of the contract. 

Automated mass modifications may be advantageous when there is a uniform change that impacts a large number of contract actions.

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